Kotak Mahindra Bank, HDFC twins, ITC steer Sensex in green; PSU banks, real estate, metals crack

A sustained uptick in the shares of heavyweight companies such as Kotak Mahindra Bank, HDFC Bank, HDFC, ITC and Reliance Industries (RIL) steered the BSE Sensex to finish the day in green while PSU banks, real estate and metal socks saw massive declines on Wednesday. Investors turned little cautious as most of the Asian stock markets ended in losses ahead of the outcome of US Federal Reserve policy due later today. The benchmark Sensex gained 16.06 points or 0.05% to end at 35,176.42 whereas the broader share indicator Nifty 50 closed down 21.3 points or 0.2% at 10,718.05 on Wednesday.

Shares were higher in Europe on Wednesday after a day of losses in most Asian markets. Investors are looking ahead to Federal Reserve meeting and to China-US trade talks later in the week, Associated Press said in a news report. Amid the regional Asian markets, Japan’s Nikkei dropped 0.2% to 22,472.78, Hong Kong’s Hang Seng shed 0.3% to 30,723.88, Shanghai Composite index ended nearly flat at 3,081.18 and South Korea’s Kospi lost 0.4% to 2,505.61. The 30-share barometer Sensex shuttled between 35,357.15 and 35,072.42 before closing marginally higher at 35,176.42 on Wednesday.

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